Kathmandu. The Securities Board of Nepal has sought permission to issue units of Siddhartha Equity Fund-2 operated under Siddhartha Mutual Fund.
Scheme manager Siddhartha Capital filed a petition with the Securities Board on July 19 seeking permission to make public issue of the units of the scheme.
Siddhartha Capital will issue units worth Rs 1 billion under the scheme if the securities board gives its approval. Accordingly, a total of 100 million units will be opened for sale at a face value of Rs 10.
Siddhartha Bank is the fund promoter of this closed-ended scheme.
